A well intervention company has secured a major contract with Statoil worth more than NOK1billion.
Deepwell has secured a long-term contract for provision of mechanical wireline services to Statoil over the next decade.
The company said the new contract secures activity and a more predictable future for Deepwell and its employees over the next decade.
DeepWell chief executive officer Martha Kold Bakkevig said: “The award is seen as proof of DeepWell’s strong operational performance under the existing contract with Statoil and its
competitive position in the market.
“Our approach is both holistic and long term, meaning we have invested in competence, systems and technology to allow for faster and more precise work, higher share of value adding activities
in the well, and reduced personnel on board.
“The Statoil contract represents one of two large fixed contracts on the NCS for years to come. “The award are of great motivation after challenging years for the industry. We intend to make
use of this strong foundation for the benefit of existing and new customers.”
The contract covers provision of mechanical wireline services for 10 fixed installations including Gullfaks A, B & C, Statfjord A, B & C, Snorre A & B and Sleipner A & Vest and 11 Mobile Drilling Units.
The contract has a fixed term of four years plus three two-year extension options, for a potential contract period of 10 years.
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